Falls Village Day Care Center Inc

Analysis

Falls Village Day Care Center Inc is a registered charity in United States, based in Falls Village, CT. It received its IRS tax-exemption ruling in January 2000, 26 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Falls Village Day Care Center Inc reported income of $276k and spending of $303k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $279k to $276k (-1.1%), an average of -0.3% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Falls Village Day Care Center Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CT. Charities of a similar size with the same main cause include Hand in Hand Farm ($276k), Alpha II Housing Alternatives Inc ($276k) and Hopes Bridge of Middle TN ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 14% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $53k (17% of expenses). Other salaries and wages came to $172k. At year end it held assets of $234k against liabilities of $9,859, net assets of $224k. It reported 10 employees.